NCZ Hedge Fund Ownership (Q2 2026)

Virtus Convertible & Inc Fd (NCZ)

62 + Investors. Track Smart Money conviction in NCZ. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — NCZ

Based on 62 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 5Q

For 3 consecutive quarters, more hedge funds added NCZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

62 hedge funds hold NCZ right now — the highest count in 1.5 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q

+5 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 54% buying

32 buying27 selling

Last quarter: 32 funds bought or added vs 27 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 8 → 13 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 34% entered in last year

■ 0% conviction (2yr+) ■ 66% medium ■ 34% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +25% but shares only +6% — price-driven

Value

+25%

+5%

Last quarter: the total dollar value of institutional holdings rose +25%, but actual share count only changed +6%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

14 → 5 → 8 → 13 → 13 new funds/Q

New funds entering each quarter: 5 → 8 → 13 → 13. A growing number of institutions are discovering NCZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

📊

Mixed cohorts — 0% veterans, 47% new entrants

■ 0% veterans ■ 53% 1-2yr ■ 47% new

Of 62 current holders: 0 (0%) held 2+ years, 33 held 1–2 years, 29 (47%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds

11 of 62 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in NCZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.0

out of 10

Moderate Exit Risk

Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	62	57	8.77%
13F Shares	8M	7M	5.6%
Total Value	$110M	$88M	25.39%
New Positions	13	13	-
Increased Positions	19	18	+1
Closed Positions	8	12	-4
Reduced Positions	19	20	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

8.77%

13F Shares

5.6%

Total Value

$110M

$88M

25.39%

New Positions

Increased Positions

Closed Positions

-4

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

62 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NCZ. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 NCZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Congress Park Capital LLC	2.33%	542,943	$8.6M
2	Thomas J. Herzfeld Advisors, Inc.	1.00%	205,874	$3.3M
3	Closed-End Fund Advisors, Inc.	0.32%	20,471	$325K
4	Advisors Asset Management, Inc.	0.31%	1,296,527	$20.6M
5	Integrated Capital Management, INC.	0.15%	13,339	$212K
6	Twelve Points Wealth Management LLC	0.15%	46,263	$736K
7	Accredited Investor Services, LLC	0.10%	11,583	$184K
8	Blue Bell Private Wealth Management, LLC	0.07%	34,187	$544K
9	Walled Lake Planning & Wealth Management, LLC	0.06%	15,890	$253K
10	Guggenheim Capital LLC	0.04%	370,125	$5.9M
11	Saba Capital Management, L.P.	0.03%	77,617	$1.2M
12	WPG Advisers, LLC	0.01%	1,548	$25K
13	Oppenheimer & Co Inc	0.01%	76,589	$1.2M
14	Hollencrest Capital Management	0.01%	10,338	$164K
15	PFG Investments, LLC	0.01%	13,776	$219K
16	Choreo, LLC	0.01%	39,738	$632K
17	Pinnacle Wealth Planning Services, Inc.	0.01%	3,507	$56K
18	HighMark Wealth Management LLC	0.00%	805	$13K
19	Merit Financial Group, LLC	0.00%	36,391	$579K
20	Global Retirement Partners, LLC	0.00%	10,151	$161K
21	Morgan Stanley	0.00%	2,856,116	$45.4M
22	CoreCap Advisors, LLC	0.00%	4,838	$77K
23	XTX Topco Ltd	0.00%	10,766	$171K
24	Kestra Advisory Services, LLC	0.00%	42,607	$677K
25	Osaic Holdings, INC.	0.00%	109,570	$1.7M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Virtus Convertible & Inc Fd (NCZ)

What does the Smart Money Trend signal show for NCZ?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NCZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NCZ?

Slight buying edge — 54% buying: Last quarter: 32 funds bought or added vs 27 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NCZ holders?

Elite ownership — 53% AUM from top-100 funds: 11 of 62 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in NCZ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NCZ?

Mostly new holders — 34% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Virtus Convertible & Inc Fd (NCZ)

Smart Money Signals — NCZ

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Steady growth — +9% more funds vs a year ago

Slight buying edge — 54% buying

Steady new buyers — ~13 new funds per quarter

Mostly new holders — 34% entered in last year

Value +25% but shares only +6% — price-driven

Growing discovery — still being found

Mixed cohorts — 0% veterans, 47% new entrants

Elite ownership — 53% AUM from top-100 funds

Institutional Sentiment Summary — NCZ

Hedge Fund Ownership: NCZ

Market Analysis: NCZ

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NCZ

Hedge Fund Positioning: NCZ

Statistics: NCZ

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Virtus Convertible & Inc Fd (NCZ)

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